- Elon Musk has been weaving a web of satellites with the intent of offering high speed internet everywhere in the world.
- This new service puts it in a position to compete with some of XLC's holdings.
- It is not certain how the competition story will unfold though, due to telecom providers offering bundled products and possibilities for regulators to step in.
- Still, the one certainty brought by the Starlink proposition is the democratization it will bring in the consumption of media and entertainment services.
- With 86% of exposure to these service sectors, XLC should benefit, but this should be only as from 2022, and accompanied by volatility.
For further details see:
XLC: Far From Being Crushed By Starlink's Satellites